Credit cards can be a convenient way to manage expenses and liberate your purchasing capacity. However, irresponsible usage can also lead you to a financial mess. At the same time, you would not want to bear higher joining fees or annual fees. A lifetime free credit card can be an effective option in this regard.
There are lots of free credit card schemes available in India. Maintaining these cards doesn’t require paying any joining or annual fees. However, the vast availability of options can make things overwhelming for beginners. In today’s post, we will compare the top lifetime free credit cards available and determine the right choice for you.
Which are the best lifetime free credit cards in India?
1. Kotak 811 Dream Different Credit Card: This credit card tops the list because of its significant cashback and reward point schemes. All these perks and fuel surcharge waiver can be obtained for free. There is no joining fee or an annual fee for using Dream Different Credit Card. Moreover, you don’t need income proof to apply for this credit card. The credit card can be issued against a Fixed Deposit of as low as Rs 5000.
2. IDFC First Credit Card: The IDFC First credit card can also be considered a sound choice for a free credit card. Accident covers, and surcharge waivers are benefits of this free card that you usually get with a luxury credit card. Although, the reward point value is lower on this credit card.
3. Amazon Pay ICICI Bank Credit Card: This credit card can be helpful if you are an online shopping enthusiast. It comes as a flagship program for Amazon Prime. However, the card is only helpful if you purchase a Prime membership on Amazon.
4. Dhanlaxmi Bank Platinum Credit Card: An exciting money-saving opportunity for homemakers who frequently shop at supermarkets and departmental stores. It is an easy-to-use free credit card with no annual fee. However, it is a standard credit card that only works at supermarkets and departmental stores, so you cannot get reward points for purchases other than groceries.
5. Axis Bank Easy Credit Card: Yet another free credit card that can be used to improve your credit score. It is a beginner-friendly credit card that doesn’t require income proof. Users can open an FD and get a credit card against the fixed deposit amount. The only drawback is the higher minimum required amount for FD. Beginners like students or homemakers may not find it feasible to open an FD worth Rs 20000 to get a credit card.
Which one is right for you?
Among multiple options available, the final decision depends on your choice. You can compare different cards and their offers to find the best.
All the mentioned credit cards have different advantages; therefore, choosing one that aligns best with your financial planning is ideal. However, the Kotak 811 Dream Different Credit Card seems to be a combination of many attractive features.
How do you get Kotak 811 Credit Card?
Simply download the Kotak 811 mobile app and apply for a credit card of your choice.
The process is entirely digital and does not require a physical visit. All you need is to open the app, select the card, share basic information about yourself, and complete your video KYC.
Who is eligible to get Kotak 811 Credit Card?
Kotak credit cards are issued to Indian residents between 18 and 75 years old. You need to check your eligibility based on your credit score to get approval.
Conclusion
The Kotak 811 credit card benefits include a lifetime free credit card option, which is a low-cost way to save on your spending and build your credit score. The top free credit cards, including the ‘lifetime free credit card,’ are compared in this post to help you make an informed decision.
